The Latest Breaking News from Canada

Fresh US tariffs on Canada and Mexico could raise costs of automobiles and building materials, analysts said Tuesday, after President-elect Donald Trump threatened to erect new trade barriers.

If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation

He is not yet in power but President-elect Donald Trump rattled much of the world with an off-hours warning of stiff tariffs on close allies and China -- a loud hint that Trump-style government by social media post is coming back.

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

The leaders of Mexico and Canada said they will advise Trump to engage in cooperation and dialogue instead of igniting a trade war

“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States,” the president-elect posted.

US trade tensions with China shift to Mexico and Canada, potentially raising consumer prices on gas, produce, and cars.

Sweeping tariffs could hit the U.S.’s largest trading partners outside of North America

US president-elect posted on social media about plan to impose 25% tariff on Mexico and Canada over immigration

The US President-elect singled out Mexico and Canada in particular for tariffs in a social media post.

Earlier this year, the Canadian government released a new housing plan aimed at building more homes and addressing housing unaffordability. As part of that plan, Prime Minister Justin Trudeau announced that $600 million in funding will be provided to build homes cheaper and quicker using “innovative technologies.”